Vuzix (NASDAQ:VUZI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, December 19th.
According to Zacks, “Vuzix Corporation designs, manufactures, and sells display devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content, such as movies, computer data, the Internet or video games. It produces both monocular and binocular Video Eyewear devices. The Company focuses on consumer markets for gaming and mobile video and on rugged mobile displays for defence and industrial applications. Vuzix Corporation is based in Rochester, New York. “
Separately, Maxim Group restated a “buy” rating and set a $11.00 price target on shares of Vuzix in a research note on Wednesday, September 6th.
Vuzix (NASDAQ VUZI) traded up $0.55 on Tuesday, reaching $8.55. The company had a trading volume of 686,821 shares, compared to its average volume of 755,510. Vuzix has a 12-month low of $4.10 and a 12-month high of $9.55. The firm has a market capitalization of $194.16, a PE ratio of -7.77 and a beta of 1.16.
In other Vuzix news, Director Edward William Jr. Kay bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of $5.95 per share, with a total value of $59,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Paul A. Boris acquired 5,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were purchased at an average cost of $5.74 per share, for a total transaction of $28,700.00. The disclosure for this purchase can be found here. Insiders have bought 20,000 shares of company stock worth $115,850 in the last ninety days. Corporate insiders own 18.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Vuzix by 15.0% during the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock worth $4,232,000 after buying an additional 84,127 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Vuzix by 261.3% during the second quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock worth $251,000 after buying an additional 27,700 shares during the period. Finally, ETF Managers Group LLC acquired a new stake in shares of Vuzix during the second quarter worth about $236,000. Institutional investors and hedge funds own 7.92% of the company’s stock.
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Vuzix Company Profile
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
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